NBC officially named Seth Meyers to replace Jimmy Fallon as host of "Late Night" in 2014 when Fallon takes over "The Tonight Show."

Meyers, a Northwestern University alum, is head writer at "Saturday Night Live" and "Weekend Update" anchor. "Late Night" will remain based in New York, NBC said in a release, with Lorne Michaels as executive producer and Mike Shoemaker continuing as day-to-day producer.

"We think Seth is one of the brightest, most insightful comedy writers and performers of his generation," NBC Entertainment chairman Robert Greenbatt said in a statement, adding Meyers' 12 seasons on "SNL" "helped him hone a topical brand of comedy that is perfect for the 'Late Night' franchise."

Michaels said Meyers is in good company with the show's three previous hosts, David Letterman, Conan O'Brien and Fallon.

"I only have to work for Lorne for five more years before I pay him back for the time I totaled his car," Meyers joked in the release. "12:30 on NBC has long been incredible real estate. I hope I can do it justice."

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